Nokia Siemens to close small factory in India

Nokia Siemens Networks would shut down a small factory in India in July as a part of cost cutting strategy.

June 03, 2013 / 15:04 IST

Telecom equipment maker Nokia Siemens Networks said it plans to shut down a small factory in India at the end of July as part of a global cost-cutting drive.

A spokeswoman for the joint venture between Nokia and Siemens said the Kolkata plant, which employs 48 people and makes fixed-line communications equipment, was "non-core and also unprofitable."

The company's massive restructuring drive, including asset sales and 17,000 job cuts worldwide, have helped NSN's operating and gross margins rise in recent quarters.

first published: Jun 3, 2013 03:04 pm

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